UAE markets 22 Jul 2007

UAE market news & discussions for 22 July 2007 Another quiet summer days trading on both UAE markets today. Both markets fell just over half of one percent on light volume of shares traded. The DFM announced that foreign investors comprised 32% of all shares traded for the third week of July. Institutional investors made up 27.98% of all trades for the same period. EMAAR announced the Burj Dubai has become the highest building in the world unlike the share price.

• Ajwaa - new Bahrain airline ... or not?
• Credit Suisse says Gulf markets cheapest worldwide - 20 Jul 07
• GFH completes $200m Sukuk issue - 21 Jul 2007
• Burj Dubai tallest building in the world - almost - 21 July 2007
• WARE / AGLTY awarded AED 1.27 bn US Army contract - 21 Jul 2007
• GRAND 2006 FY profit AED 154m -5.7% from 2005 - 01 Feb 2007
• 2007 Q2 results for DFM and ADSM companies
• 22 July 2007 UAE business and sharemarket news
• Too much money to spend? $28 trillion looking for a home by 2022
• Facing the Hard Truths About Energy - Global Oil and Gas to 2030
• 21 July 2007 UAE financial and stockmarket news
• RAK Petroleum - Jebel Hafit results in Sep, strategy review in Q3
• EFG Hermes vs. Mubasher
• 20 July 2007 UAE financial and stockmarket news
• UIC 2007 profit Q2 AED 10.6m +282%, H1 AED 16.4m 341% from 2006
• QTEL 2007 Q2 earnings 06 Aug, conference call 07 Aug 2007
• OILC BOD meeting 17 Jul 07 - resignation of Hajri and McBeth
• RAKCC 2007 profit Q2 AED 14m -56%, H1 AED 42m -39% from 2006
• RAKPROP signs up Hilton to run Mina Al Arab Resort - PR 17 Jul 2007
• RAKPROP 2007 profit Q2 AED 172m -37%, H1 AED 276m -23% from 2006
• BAYAN share buyback
• Which is the Next IPO to hit DFM / ADSM?
• CBI 2007 profit Q2 AED 99m, H1 AED 137m +322%
• EMAAR 2007 profit Q2 AED 1.548 bn +1%, H1 AED 3.267 bn +7%
• EMAAR (doesn't) clarify Dubai Holding deal? 16 May 2007

More UAE stock market news and discussions...

best stock rises symbol price change MAZAYA 7.00 +0.61 +9.5% UNION 2.26 +0.10 +4.6% ARIG 3.10 +0.05 +1.6% TKFL 5.59 +0.09 +1.6% ADSB 2.86 +0.03 +1.1%

worst stock falls symbol price change ADNIC 8.31 -0.69 -7.7% FOODCO 4.17 -0.34 -7.5% ABNIC 7.50 -0.49 -6.1% AMAN 25.05 -1.35 -5.1% JULPHAR 1.94 -0.10 -4.9%

top volume symbol value (AED) price EMAAR 111,568,396 11.20 AIRARABIA 70,068,103 1.07 DFM 59,385,743 3.12 ALDAR 43,948,509 7.57 OILC 34,374,933 1.46

Dubai Financial Market

The DFM index finished trading at 4,328 a fall of 0.66% from the previous close. 133 million shares traded worth 364 million dirhams. Two shares advanced and eighteen declined.
The top traded share was AIRARABIA declining 2.72% to 1.07.

Other shares to decline included DFM 3.12 (0.95%), Emaar Properties PJSC (EMAAR) 11.20 (0.44%) and GULFNAV 1.27 (3.05%).

Shares that rose on the day were MAZAYA 7.00 (9.54%) and Arab Insurance Group (ARIG) 3.10 (1.63%) both on one trade only.

Abu Dhabi Securities Market

The ADSM index finished trading at 3,585 a fall of 0.56% from the previous close. 75 million shares traded worth 207 million dirhams. Eleven shares advanced and twenty four declined.
Top trader was Oasis International Leasing Company PJSC (OILC) finishing down 2.67% at 1.46.

Other shares to decline included ABAR 3.64 (3.45%), Oasis International Leasing Company PJSC (OILC) 1.46 (2.67%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.57 (3.68%), Abu Dhabi National Energy Company (TAQA) 2.87 (3.04%) and ARKAN 1.65 (2.37%).

Shares to rise included Emirates Telecommunications Company (ETISALAT) 18.60 (0.54%), Union Cement Company (UCC) 5.00 (0.60%) and Sudan Telecom Company Ltd (SUDATEL) 7.87 (0.25%) all on small trading volume.

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.